1241 Longfellow AveSouth BendIN46615
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in South Bend at 1241 Longfellow Ave, South Bend, IN, 46615 uses $77,903 cash to close to unlock $312/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,441/mo, and a $1,150/mo payment keeps the spread at $26/mo. Purchase price stands at $235,000, and rental yield measures 7.36% with $1,441/mo rent. Return on cash invested shows 20.31% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 104.84% and total cumulative return in cash records $81,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,441/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1926
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Jared T Ross • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527537
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